(FILES) A production line is pictured at German carmaker BMW at the company's plant in Munich, on December 5, 2023. Net profit at premium carmaker BMW fell over a third in the second quarter, the firm said on July 30, 2026, as intense Chinese competition shakes German automotive giants. Net profit in the three months to the end of June came in at 1.2 billion euros (USD 1.4 billion), BMW said, a fall of almost 35 percent on this time last year. That was BMW's lowest quarterly profit since late 2024 when faulty brakes fitted to vehicles ended up costing the carmaker hundreds of millions of euros. (Photo by Alexandra Beier / AFP via Getty Images)

(FILES) The company logo of German carmaker BMW is seen on a motorbike, pictured on May 10, 2023 in Munich, southern Germany. Net profit at premium carmaker BMW fell over a third in the second quarter, the firm said on July 30, 2026, as intense Chinese competition shakes German automotive giants. Net profit in the three months to the end of June came in at 1.2 billion euros (USD 1.4 billion), BMW said, a fall of almost 35 percent on this time last year. That was BMW's lowest quarterly profit since late 2024 when faulty brakes fitted to vehicles ended up costing the carmaker hundreds of millions of euros. (Photo by Christof STACHE / AFP via Getty Images)

(FILES) A logo of German automotive brand BMW is pictured on BMW dealership in Frankfurt am Main, western Germany, on November 4, 2025. Net profit at premium carmaker BMW fell over a third in the second quarter, the firm said on July 30, 2026, as intense Chinese competition shakes German automotive giants. Net profit in the three months to the end of June came in at 1.2 billion euros (USD 1.4 billion), BMW said, a fall of almost 35 percent on this time last year. That was BMW's lowest quarterly profit since late 2024 when faulty brakes fitted to vehicles ended up costing the carmaker hundreds of millions of euros. (Photo by Kirill KUDRYAVTSEV / AFP via Getty Images)

(FILES) This aerial photo shows BMW 5 Series cars from the BMW Brilliance Automotive Dadong Plant in a car park in Shenyang, in China's northeast Liaoning province on April 27, 2026. Net profit at premium carmaker BMW fell over a third in the second quarter, the firm said on July 30, 2026, as intense Chinese competition shakes German automotive giants. Net profit in the three months to the end of June came in at 1.2 billion euros (USD 1.4 billion), BMW said, a fall of almost 35 percent on this time last year. That was BMW's lowest quarterly profit since late 2024 when faulty brakes fitted to vehicles ended up costing the carmaker hundreds of millions of euros. (Photo by CN-STR / AFP via Getty Images) / China OUT

A security personnel walks past a poster on a food delivery truck at a mall in Mumbai on July 30, 2026. (Photo by Indranil MUKHERJEE / AFP via Getty Images)

A woman walks past a wall mural highlighting India's heritage landmarks and cultural icons in Mumbai on July 30, 2026. (Photo by Indranil MUKHERJEE / AFP via Getty Images)

(FILES) (FILES) This photograph taken on June 11, 2024 shows the logo of French supermarket and retail group Casino displayed during the General Assembly for Casino in Paris. Casino remains in the red in the first half of the year with a net loss of 205 million, but has improved its profitability, the company announced on July 30, 2026. (Photo by STEPHANE DE SAKUTIN / AFP via Getty Images)

(FILES) This photograph shows the logo of French electrical equipment giant Schneider Electric displayed on the building of the company's 4.0 production plant in Le Vaudreuil, northwestern France on February 21, 2019. Schneider Electric: data centres drive 30 per cent surge in half-year net profit; 2026 targets raised, the company announced on July 30, 2026. (Photo by CHARLY TRIBALLEAU / AFP via Getty Images)